Foreign Trade In Services (As % of GDP) rose to 20.8% in Slovakia in 2017

Foreign Trade In Services (As % of GDP) (%)
Economy | Slovakia | May 17, 2019
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Excel Sheet

Foreign trade in services as a share of GDP reached 20.8 % in 2017 in Slovakia, according to the National Statistical Office. This is 3.9 % more than in the previous year.

Historically, foreign trade in services as a share of GDP in Slovakia reached an all time high of 21.9 % in 1993 and an all time low of 12.3 % in 1999. When compared to Slovakia's main peers, foreign trade in services as a share of GDP in Austria amounted to 29.4 %, 22.6 % in Czech Republic, 32.5 % in Hungary and 18.5 % in Poland in 2017.

Slovakia has been ranked 69th within the group of 156 countries we follow in terms of foreign trade in services as a share of GDP, 3 places behind the position seen 10 years ago.

Trade in services is the sum of service exports and imports divided by the value of GDP, all in current US dollars.

Foreign Trade In Services (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria % 24.0% 24.9% 26.9% 28.0% 28.0%
Czech Republic % 19.8% 21.5% 21.2% 22.8% 22.7%
Germany % 14.6% 15.4% 16.0% 16.2% 16.9%
Hungary % 28.5% 28.4% 29.7% 31.1% 32.0%
Italy % 10.1% 10.5% 10.5% 10.7% 10.9%
Poland % 14.1% 14.9% 15.1% 15.7% 16.4%
Russia % 7.29% 7.75% 8.64% 9.05% 10.3%
Slovakia % 15.2% 16.1% 18.1% 17.9% 18.3%
Switzerland % 27.3% 29.2% 30.0% 31.1% 30.6%
Ukraine % 21.2% 20.9% 21.1% 20.4% 26.1%